United Natural Foods profit climbs 18%

SteveGelsi

NEW YORK (MarketWatch) -- United Natural Foods Inc.
UNFI, -0.11%
said Tuesday its second-quarter profit increased to $22 million, or 45 cents a share, from $18.7 million, or 39 cents a share, in the year-ago period. Net sales climbed to $1.29 billion from $1.11 billion. Wall Strett analysts expected United Natural Foods to earn 44 cents a share on sales of $1.26 billion, according to a survey by FactSet Research. Looking ahead, the Providence, R.I., company said it expects adjusted 2012 profit of $1.88 to $1.94 a share, compared to the analyst estimate of $1.90 a share.

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